WORTH CO-SYLVESTER CHAMBER OF COMMERCE (EIN 581458098) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

KAREN RACKLEY

Phone

2297767718

Tax Period

2024-01-01 to 2024-12-31

WORTH CO-SYLVESTER CHAMBER OF COMMERCE, founded in 1983, is a small nonprofit that reported $143K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $168K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE CHAMBER PROVIDES ACTIVITIES FOR MEMBERS AND THE GENERAL PUBLIC TO ADVERTISE LOCAL BUSINESSES AND EDUCATE THE PUBLIC ON ACTIVITIES AND SERVICES PROVIDED BY BUSINESS MEMBERS. THE CHAMBER OF COMMERCE PROVIDES SERVICES TO LOCAL BUSINESSES AND LOCAL GOVERNMENTS FOR BUSINESS DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $135,276

Program Service Revenue $10,642

Investment Income $22

Other Revenue $-2,536

TOTAL REVENUE $143,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,330

Fundraising Expenses $1,270

Program Expenses $145,788

Other Expenses $73,768

TOTAL EXPENSES $168,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,404	$123,419	+0.2%
Expenses	$168,098	$128,077	+0.3%
Net Income	$-24,694	$-4,658	+4.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRY CURRY	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JOHNNY BRYAN	VICE CHAIRMA	0.50	Officer Director	$0	$0	$0
EARNEST CARTER JR	SECRETARY	0.50	Officer Director	$0	$0	$0
NEHEMIAH CUMMINGS	TREASURER	0.50	Officer Director	$0	$0	$0
DEBBIE BRIDGES	PAST CHAIRMA	0.50	Officer Director	$0	$0	$0
JEAN BROOKS	BOARD MEMBER	N/A	Director	$0	$0	$0
SCOTT CARLSON	BOARD MEMBER	N/A	Director	$0	$0	$0
GINA CONNELL	BOARD MEMBER	N/A	Director	$0	$0	$0
ASHLEY GIDDENS	BOARD MEMBER	N/A	Director	$0	$0	$0
MARILYN HERRING	BOARD MEMBER	N/A	Director	$0	$0	$0
KIRSTEN MCALPIN	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRIS SHIPP	BOARD MEMBER	N/A	Director	$0	$0	$0
KAREN SINGLETARY	BOARD MEMBER	N/A	Director	$0	$0	$0
LAURA SEARCY	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERT BRAMBLETT	BOARD MEMBER	N/A	Director	$0	$0	$0
SHAPHAN JENKINS	BOARD MEMBER	N/A	Director	$0	$0	$0
BILL VEGA	BOARD MEMBER	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$143,404	$168,098	$169,160	$-24,694
2023	$123,419	$128,077	$192,756	$-4,658
2022	$125,241	$122,920	$211,109	$2,321
2021	$110,695	$111,962	$204,556	$-1,267
2020	$101,264	$94,741	$203,329	$6,523
2019	$113,308	$101,752	$188,859	$11,556
2018	$109,000	$97,727	$179,119	$11,273

WORTH CO-SYLVESTER CHAMBER OF COMMERCE